Financial Services -
Banks - Regional - NASDAQ - US
$ 13.2
-1.11 %
$ 149 M
Market Cap
9.19
P/E
1. INTRINSIC VALUE
Balance Sheet
Meridian Corporation
| Current Assets | 190 M |
| Cash & Short-Term Investments | 180 M |
| Receivables | 83.5 M |
| Other Current Assets | -73.5 M |
| Non-Current Assets | 15.8 M |
| Long-Term Investments | 114 M |
| PP&E | 12.2 M |
| Other Non-Current Assets | -110 M |
| Current Liabilities | 1.94 B |
| Accounts Payable | 6.86 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 1.93 B |
| Non-Current Liabilities | 0 |
| Long-Term Debt | 0 |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
Meridian Corporation
| Revenue | 108 M |
| Cost Of Revenue | 0 |
| Gross Profit | 108 M |
| Operating Expenses | 8.06 M |
| Operating Income | 21.8 M |
| Other Expenses | 5.44 M |
| Net Income | 16.3 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Meridian Corporation
| Net Income | 16.3 M |
| Depreciation & Amortization | 123 K |
| Capital Expenditures | -568 K |
| Stock-Based Compensation | 976 K |
| Change in Working Capital | -8.32 M |
| Others | -4.38 M |
| Free Cash Flow | 9.03 M |
Wall Street Analysts Price Targets
Meridian Corporation
Wall Street analysts predict an average 1-year price target for MRBK of $15 , with forecasts ranging from
a
low of
$13 to a high of $17 .
MRBK Lowest Price Target
Wall Street Target
13 USD
-1.52%
MRBK Average Price Target
Wall Street Target
15 USD
13.64%
MRBK Highest Price Target
Wall Street Target
17 USD
28.79%
4. DIVIDEND
ANALYSIS
0.87%
DIVIDEND YIELD
0.125 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Meridian Corporation
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
32.1 K USD 2
6-9 MONTHS
25.2 K USD 2
9-12 MONTHS
7. News
Meridian's Drilling Extends High-Grade Gold-Copper Ore Zone at Cabacal Via Gold Veins Grading up to 276g/t Au
Highlights: Meridian drills more stacked layers of shallow high-grade Au-Cu-Ag ore at Cabaçal; CD-654: 9.9m @ 14.8g/t AuEq (11.0% CuEq ) from 29.3m; including: 1.9m @ 71.4g/t AuEq (53.1% CuEq) from 30.1m; CD-667: 38.6m @ 1.4g/t AuEq (1.0% CuEq) from 13.4m including: 15.6m @ 2.2g/t AuEq (1.6% CuEq) from 18.3m Results confirm additional shallow resource potential with drilling at Cabaçal continuing; and Core samples for DFS phase of Cabaçal's metallurgy to be dispatched shortly to a Canadian laboratory, including material for mini-pilot plant test to generate concentrate samples for marketing. LONDON, UK / ACCESS Newswire / April 29, 2025 / Meridian Mining UK S (TSX:MNO)(Frankfurt/Tradegate:2MM)(OTCQX:MRRDF) ("Meridian" or the "Company") is pleased to announce that it has drilled one of the highest grading gold veins to date at its advanced Cu-Au-Ag Cabaçal VMS project ("Cabaçal").
accessnewswire.com
- 3 weeks ago
Meridian Bank (MRBK) Misses Q1 Earnings and Revenue Estimates
Meridian Bank (MRBK) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.24 per share a year ago.
zacks.com
- 3 weeks ago
Meridian Corporation Reports First Quarter 2025 Results and Announces a Quarterly Dividend of $0.125 per Common Share
MALVERN, Pa., April 25, 2025 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported: Three Months Ended (Dollars in thousands, except per share data)((Unaudited) March 31, 2025 December 31, 2024 March 31, 2024 Income: Net income $ 2,399 $ 5,600 $ 2,676 Diluted earnings per common share $ 0.21 $ 0.49 $ 0.24 Pre-provision net revenue (PPNR) (1) $ 8,357 $ 11,167 $ 6,419 (1) See Non-GAAP reconciliation in the Appendix Net income for the quarter ended March 31, 2025 was $2.4 million, or $0.21 per diluted share.
globenewswire.com
- 3 weeks ago
Meridian Drills Into Shallow High-Grade Cu-Au-Zn & Ag Massive to Semi-Massive Sulphides on the Open Western Limit of Santa Helena
Highlights: Meridian drills into a VMS pile hosting massive to semi-massive Cu-Au-Zn & Ag sulphides on the western edge of Santa Helena: CD-651: 33.4m @ 2.0g/t AuEq (1.4% CuEq) from 151.0m; Including: 13.1m @ 4.2g/t AuEq (2.8% CuEq) from 151.4m; 4.4m @ 6.5g/t AuEq (4.4% CuEq) from 214.0m; Santa Helena mine area infill drilling returns more shallow high-grade mineralization; CD-655: 9.9m @ 5.6g/t AuEq (3.7% CuEq) from 3.8m; Meridian announces discovery of "open" 2,200m copper-gold soil anomaly at Santa Fé; and Potential for Santa Helena to be a second hub within the Cabaçal belt strengthens. LONDON, UK / ACCESS Newswire / April 15, 2025 / Meridian Mining UK S (TSX:MNO)(Frankfurt/Tradegate:2MM)(OTCQX:MRRDF) ("Meridian" or the "Company") is pleased to announce that it has drilled laterally into a VMS pile hosting Cu-Au-Zn & Ag massive to semi-massive sulphides on the western limit of the Santa Helena Au-Cu-Ag & Zn deposit "Santa Helena".
accessnewswire.com
- 1 month ago
Meridian Capital Group Approved to Re-Enter Fannie Mae Loan Market
NEW YORK--(BUSINESS WIRE)--Meridian Capital Group, one of the nation's leading commercial real estate finance, investment sales, and retail leasing advisors, announced today that Fannie Mae lenders may resume requesting quotes for Meridian-brokered loans effective immediately. “Meridian has made investments in people, processes, and technology to implement a risk management and internal control environment that is best-in-class among commercial mortgage brokerages,” said Brian Brooks, chairman.
businesswire.com
- 1 month ago
Meridian Announces Filing of the NI 43 101 Pre-Feasibility Study Technical Report for the Cabaçal Gold-Copper-Silver Deposit in Brazil
LONDON, UK / ACCESS Newswire / March 31, 2025 / Meridian Mining UK S (TSX:MNO)(Frankfurt/Tradegate:2MM) (OTCQX:MRRDF) ("Meridian" or the "Company") is pleased to announce the filing of its independent Pre-Feasibility Study technical report for its advanced Cabaçal Au-Cu-Ag Project located in Mato Grosso, Brazil, with an effective date of March 10, 2025, (the "PFS Technical Report"), in support of the Company's news release dated March 10, 2025 (the "News Release"). There are no material differences in the PFS Technical Report from the information disclosed in the News Release.
accessnewswire.com
- 1 month ago
The Case For Meridian Corporation
Meridian Bank, founded in 2004, has grown significantly within the Delaware Valley, focusing on business, industrial, retail, and commercial lending. Headquartered in Malvern, PA, the bank employs a lean growth model, strategically placing branches to minimize overhead costs. Meridian emphasizes customer satisfaction and client relationships, driving growth through referrals and maintaining a consumer-friendly outlook.
seekingalpha.com
- 1 month ago
Meridian Corporation: Earnings To Surge Thanks To Margin, Loan Growth
Due to changes in my interest rate outlook, I have reduced my mortgage banking income estimate but raised my net interest margin estimate. I'm now expecting an EPS of $1.67, down from my previous estimate of $1.69. I'm expecting earnings to grow by 15% this year, thanks to expected net interest margin expansion and loan growth.
seekingalpha.com
- 2 months ago
Meridian Mining's Cabaçal Pre-Feasibility Study Delivers USD 984 million NPV5 & 61.2% IRR (After-Tax), and Annual Average Production 141,000 AuEq Ounces
Cabaçal 2025 Pre-Feasibility Study Highlights: (All amounts are in United States Dollars unless otherwise stated) Meridian delivers exceptional economics from the Cabaçal Pre-Feasibility Study; Base case after-tax NPV5 of USD 984 million (CAD1 1.43 billion) and 61.2% IRR; (Assuming USD 2,119/oz Au, USD 4.16/lb Cu, and USD 26.89/oz Ag, CAD:USD=1.4533); Spot case after-tax NPV5 of USD 1.41 billion (CAD 2.04 billion) and 79.5% IRR; (Assuming2 USD 2,917/oz Au, USD 4.54/lb Cu, and USD 32.25/oz Ag (27 February, 2025)); Cabaçal Establishes a Mid-Tier Production Profile: Average annual production of 141,000 AuEq ounces over 10 years; First 5 years production of 178,000 AuEq ounces annually; Low LOM All-In-Sustaining-Costs ("AISC") of USD 742/oz AuEq3; Low initial CAPEX of USD 248 million (CAD 359 million) including pre-investment for expansion to 4.5 Mtpa from year 4; Strong value proposition: Base case NPV5/Capex is 3.97 times, & initial capital repaid in 17 months; and Maiden Cabaçal reserve of 41.7Mt at 0.63g/t Au, 0.44% Cu and 1.64g/t Ag declared, including 89% in the proven category. 1 Exchange Rate USD/CAD of 1.45330, 2 Spot prices on London close on 28, February, 2025, See Technical Note for AuEq equation.
accessnewswire.com
- 2 months ago
Meridian Drills Multiple High-Grade Intercepts at Cabaçal Including 20.9m @ 6.5g/t AuEq (4.4% CuEq)
HIGHLIGHTS: Meridian drills layers of shallow Au-Cu-Ag high-grade mineralization at Cabaçal CD-639: 20.9m @ 6.5g/t AuEq (4.4% CuEq) from 95.3m; including: 7.1m @ 9.2g/t AuEq (6.2% CuEq) from 104.0m CD-636: 26.6m @ 2.6g/t AuEq (1.8% CuEq) from 176.3m including: 15.7m @ 4.1g/t AuEq (2.7% CuEq) from 187.2m CD-606: 7.3m @ 5.9g/t AuEq (4.0% CuEq) from 78.7m Near surface up-dip extensions of high-grade Au-Cu-Ag mineralization added High-grade gold dominant zone grading up to 56.7g/t Au drilled at Cabaçal LONDON, UK / ACCESS Newswire / February 24, 2025 / Meridian Mining UK. S (TSX:MNO)(Frankfurt/Tradegate:2MM)(OTCQX:MRRDF) ("Meridian" or the "Company") is pleased to provide a drilling update from the advanced Cabaçal Cu-Au-Ag VMS project ("Cabaçal").
accessnewswire.com
- 2 months ago
Are Investors Undervaluing Meridian Bank (MRBK) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
zacks.com
- 2 months ago
Meridian Announces Closing of CAD 17.2 Million Oversubscribed Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES LONDON, UK / ACCESS Newswire / February 19, 2025 / Meridian Mining UK S (TSX:MNO)(Frankfurt/Tradegate:2MM)(OTCQX:MRRDF) ("Meridian" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement (the "Private Placement") of common shares (the "Common Shares") (see news releases January 28, 2025 and February 4, 2025). Pursuant to the Private Placement, the Company has issued 44,187,432 Common Shares at a price of CAD 0.39 for gross proceeds to the Company of CAD 17,233,098.
accessnewswire.com
- 2 months ago
8. Profile
Summary
Meridian Corporation MRBK
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 149 M
Dividend Yield
0.87%
Description
Meridian Corporation operates as the holding company for Meridian Bank that provides commercial banking products and services in Pennsylvania, New Jersey, Delaware, and Maryland. The company offers various deposit products, such as demand non-interest bearing, demand interest bearing, savings accounts, money market accounts, and time deposits. It also provides commercial and industrial loans comprising business lines of credit, term loans, small business lending, lease financing, and shared national credits; commercial real estate, and land development and construction loans for residential and commercial projects; and consumer and home equity lending, private banking, merchant, and title and land settlement services. In addition, the company operates and originates mortgage loans for 1-4 family dwellings; and offers real estate holding, investment advisory, and equipment leasing services. It operates through a network of 6 full-service branches, and 19 other offices. The company was founded in 2004 and is headquartered in Malvern, Pennsylvania.
Contact
9 Old Lincoln Highway, Malvern, PA, 19355
https://www.meridianbanker.com
IPO
Date
Nov. 7, 2017
Employees
322
Officers
Ms. Mary Ann Messmer
Executive Vice President of Private Banking
Mr. Christopher J. Annas
Founder, Chairman, President & Chief Executive Officer
Mr. Rocco P. Perate Jr.
Executive Vice President of SBA Lending
Mr. David Fitzell
Senior Vice President and Director of Residential Lending - MD, DC & VA
Mr. James D. Nelsen
Senior Credit Officer
Mr. Edward Joseph Carpoletti
Senior Vice President of Wealth Management
Ms. Denise Lindsay
Executive Vice President, Chief Financial Officer & Director
Mr. Clarence Martindell
Executive Vice President of Commercial Real Estate Lending
Mr. Michael Joseph Curry
Counsel & Corporate Secretary
Thomas J. Campbell
Senior Vice President of Residential Lending